Michigan Compiled Laws
Mich. Comp. Laws § 565.81 (2026)
Oil and gas assignment; security for indebtedness.
✓ current as of July 2026
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OIL AND GAS ASSIGNMENTS
Act 66 of 1956
565.81 Oil and gas assignment; security for indebtedness.
Sec. 1.
Hereafter, in or in connection with any existing or future mortgage or deed of trust, it shall be lawful to assign in the mortgage or in a separate written instrument or instruments signed, sealed, acknowledged and proved in the same manner as deeds, all or any part of the oil and gas located in, on or under oil and gas properties, and all or any part of the rents and profits from oil and gas properties, and the income from the sale of oil and gas produced or to be produced from oil and gas properties, to the mortgagee or trustee named in the mortgage or deed of trust as security for the indebtedness secured by the mortgage or deed of trust.
History: 1956, Act 66, Eff. Aug. 11, 1956
Notes of Decisions
Cited in 3
cases (2 in the last 5 years), 2016–2023 · leading case: White v. Riness (Bankr. E.D. Mich. 2022).
White v. Riness (Bankr. E.D. Mich. 2022). “MCL 565.81 Plaintiff argues that MCL 565.”
White v. Riness (Bankr. E.D. Mich. 2023). “MCL 565.81 Plaintiff argues that MCL 565.”
Sturgis Bldg. LLC v. Kirsch Indus. Park LLC (Mich. Ct. App. 2016). “As additional security for the Obligations and performance of the covenants and agreements set forth in this Mortgage, pursuant to MCL 565.81 et seq. and MCL 554.231 et seq.”
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